Wall Street Breakfast Futures tick up ahead of jobs data
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Sep 5, 2025 Stock index futures are on the rise as traders prepare for a crucial jobs report. In legal news, the Department of Justice sues Southern California Edison over wildfires. OpenAI is making waves by launching its first AI chip in collaboration with Broadcom. Meanwhile, discussions about tariffs on semiconductor imports are heating up, and Nvidia partner Foxconn reports impressive earnings driven by cloud demand.
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Market Eyes Jobs As Start Of Critical Run
- Markets entered the day cautiously optimistic with futures higher ahead of the big jobs report.
- Traders treat this payrolls release as the start of a critical nine-business-day market run including CPI and the FOMC decision.
Payrolls Forecast Sparks Rate-Policy Focus
- Economists expected modest nonfarm payrolls and a slight uptick in the unemployment rate for August.
- Deutsche Bank warned this payrolls print begins a three-event sequence that could move markets materially.
DOJ Alleges Edison Sparked Deadly Fires
- The DOJ sued Edison claiming negligence sparked two California wildfires that destroyed tens of thousands of acres.
- One suit tied a faulty infrastructure spark to the January fire that killed 31 people and burned 8,000 acres.